Brussels Backs Off Automated Trades Plan
By Jeremy Grant
Published November 27 2011 Financial Times
European regulators have backed off a proposal that automated traders must stay in the markets quoting prices at all times in a sign that Europe might soften aspects of its clampdown on “high-frequency” trading. The European Commission last month published proposals for a sweeping overhaul of the equities, bonds and derivatives markets in Europe, enshrined in a new version of the Markets in Financial Instruments Directive (Mifid), first enacted in 2007.
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